Summary

KKR and Singtel are acquiring full ownership of ST Telemedia Global Data Centres (STT GDC) for $6.6 billion, valuing the company at $13.8 billion. This acquisition, driven by the growing demand for data centers due to the AI boom, will significantly expand Singtel’s digital infrastructure portfolio and global reach. The deal, the largest data center transaction in Southeast Asia, positions STT GDC for rapid growth in cloud and AI demand.

https://www.straitstimes.com/business/companies-markets/singtel-kkr-consortium-buy-rest-of-st-telemedia-global-data-centres-for-6-6-billion?ref=top-stories